Estate planning is particularly vital for high net worth individuals with large or complex estates. In such situations, your estate plan must be far more extensive than a single cookie-cutter will or trust document. To be fully effective, your estate plan must address myriad fact-specific issues, including:
- Tax mitigation issues
- Asset protection goals
- Medi-Cal planning
- Probate avoidance
- Privacy concerns
- Health care and end-of-life wishes
- Property distribution decisions
A comprehensive estate plan should include various legal tools to achieve these objectives. Importantly, each document should be carefully tailored to fit your needs and goals for the future.
Experience Navigating The Intricacies Of Complex, High-Value Estates
At David Lee Rice, A Professional Law Corporation, our estate planning lawyers routinely develop complex estate plans for high net worth clients with multimillion-dollar estates. We believe every client deserves a personalized estate plan that fully addresses their unique needs and effectively mitigates the risk of problems down the road. To that end, our attorneys provide detailed and diligent counsel for every single client.
Clients across Southern California turn to our firm for capable guidance regarding all aspects of estate planning, including:
- Wills and trusts including durable powers of attorney and advance directives
- Estate and gift taxes
- Tax planning
- Family limited partnerships
- Grantor retained annuity trusts (GRAT)
- Qualified personal residence trusts
- Qualified terminal interest property (QTIP) trusts and other solutions for blended families
- Life insurance trusts
- Special needs trusts
Sophisticated Tax And Estate Planning Guidance
For those with high-asset estates, minimizing tax liability is a central concern. A thorough understanding of tax law is essential for successfully navigating the tax aspects of estate planning.
At David Lee Rice, APLC, our firm maintains a robust tax law practice that complements and enhances our estate planning services. Attorney Rice has an exceptional breadth of experience and credentials in both the tax law and estate planning realms. He is certified as a specialist in taxation through the California Board of Legal Specialization, and he holds a Master of Law degree (LL.M.) in taxation. Clients benefit significantly from this interdisciplinary blend of skills and legal mastery.
To learn more about our estate planning services, contact David Lee Rice, APLC, in Torrance, California, at 310-517-8600.